Do you use bitcoin as currency or investment? - page 55.

extrabyte

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Quote from: ABCbits on April 28, 2016, 03:38:18 AM

Do you use bitcoin as currency? Or you use bitcoin as investment? Or both?
I use bitcoin as currency and i never sell my bitcoin, but i prefer to use bitcoin when price is rising Grin

So, how about you?

Until you spend your bitcoin( you says that you prefer to spend when the price is high) then means that through this time you are pretty much investing in bitcoin and sell them for a higher price. I use bitcoin as an investment and as a currency, it's a good to have a good backup(savings) in bitcoin because one day you will probably need for these money. I use also as a currency because most of the digital things can be bought through bitcoin.

ubitcoin

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Quote from: madwica on August 01, 2016, 09:07:19 PM

For me i use my bitcoin as currency and i do not have any investments because i am the bitcoin earner not investor that is why all my weekly earnings is always exchanged it then i spend it to buy groceries.

You may want to start holding just a small percentage of your bitcoins. Thay way, they turn into investments. You cash out your coins weekly, right? How about this, cash out only 90% of your total weekly earnings and save 10% every week. It's pretty much like saving and in just a few weeks, you'll be surprised just how convenient doing this method is.

XERES

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Quote from: TobiasIV on August 01, 2016, 05:09:25 PM

I use btc as currency, this is what smart people use it for.

Smart people will use both of them too I believe, investment is good too to get profit and also using bitcoin as currency would be good to make bitcoin more valueable.

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Quote from: milewilda on August 01, 2016, 10:25:51 PM

Quote from: madwica on August 01, 2016, 09:07:19 PM

For me i use my bitcoin as currency and i do not have any investments because i am the bitcoin earner not investor that is why all my weekly earnings is always exchanged it then i spend it to buy groceries.

Same here, i do treat bitcoin as a currency since im spending it on buying my groceries and daily needs. I cant make it an investment since i dont earn a lot of bitcoin , just enough to sustain my daily living and expenses. Hope someday i would save some bitcoin so that i would still have make it as an investment.

Someday you will when you figure out that there are a lot of ways to earn it. You cant stop looking, it is not just this forum, there are still other ways out there.

milewilda

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Quote from: madwica on August 01, 2016, 09:07:19 PM

For me i use my bitcoin as currency and i do not have any investments because i am the bitcoin earner not investor that is why all my weekly earnings is always exchanged it then i spend it to buy groceries.

Same here, i do treat bitcoin as a currency since im spending it on buying my groceries and daily needs. I cant make it an investment since i dont earn a lot of bitcoin , just enough to sustain my daily living and expenses. Hope someday i would save some bitcoin so that i would still have make it as an investment.

madwica

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For me i use my bitcoin as currency and i do not have any investments because i am the bitcoin earner not investor that is why all my weekly earnings is always exchanged it then i spend it to buy groceries.

asriloni

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More like for using bitcoin into my investment caused by it's rarely to finding a store can accept a bitcoin and difficult to using it in real life without exchange it into local currency and I more prefer using bitcoin into investment because if I using my minds to giving some efforts just with low amount I can getting a big profit from there and it's why bitcoin is really useful become investment.

Hellacopter

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I use bitcoin as currency but i hold some coins for the price's increasing, and that's an investment. But mostly i use it as currency to pay bills and so on

DOGE12321

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I use it as both of them.

I invest some of my BTC and buy products online with the rest.

Backside walkaround

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I've used bitcoin as both, but lately? Definitely as an investment. You'd have to be stupid to keep using it to buy things while the price has been shooting up like it has been. If we got to a stable price I'd probably use it more. But it really is more fun not spending it.

TobiasIV

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I use btc as currency, this is what smart people use it for.

rik3

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i do not use bitcoin at all.i just use its technology just for some personal gain

Muhammad Zain

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i am using my bitcoin both for as currency and for investment also. i think in present time i am only holding my bitcoins for the price increase.

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Quote from: Akupuniard on August 01, 2016, 06:40:31 AM

I am using bitcoin as currency very rare because i'm living in country where bitcoins is illegal, maybe something will change soon but i'm not sure about it.

It is sad that government especially this pretend to be wise politician, legislators, jump into conclusion without even knowing the very root and featurs of bitcoin. Ijust hope that someday, those who have authoriity realize that bitcoin is just like any other fiat money and not any tool to do illegal activities.

zodin

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Quote from: Akupuniard on August 01, 2016, 06:40:31 AM

I am using bitcoin as currency very rare because i'm living in country where bitcoins is illegal, maybe something will change soon but i'm not sure about it.

most of the bitcoin user are facing this problem, the reason is that bitcoin is still no so much popular and most of the people do not know about it and specially the shopkeepers and the merchants who have very little time to use computer and internet, i think it is the responsibility of those people who are using bitcoin to run a awareness campaign for bitcoin, so that all the people just know about the bitcoin and start using it in their daily live just like fiat currency.

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Quote from: mmmtr on July 31, 2016, 04:29:09 PM

Firstly I use for anonymity (Gambling ,untracked money bla bla ) but now I use for investment .

gambling is the really bad thing to spend your money on, just saying, investment is the best thing because it can make you money over time

Ryananda

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I use bitcoin as an investment because I will take advantage of the fluctuations of bitcoin for profit. I believe bitcoin will increase over time and can make my benefit. If for currency I think not because it is still difficult using bitcoin in the area I live.

Akupuniard

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I am using bitcoin as currency very rare because i'm living in country where bitcoins is illegal, maybe something will change soon but i'm not sure about it.

ronaldo40

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Quote from: Ilsk on August 01, 2016, 03:17:17 AM

Mostly as an investment, but sometime is good to have bitcoin as an option for payments

Yeah, most of them used for investment, because if it is used as currency, bitcoin is still limited, and still a little store that accepts bitcoin.

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At present the stores that accept bitcoin directly is very low. For this reason we are in need to convert to fiat and spend upon services and things that we look for. At the same bitcoin as an investment is really a better one compared to any other mode of investment due to its rising potential.

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